OCR A Level Economics Book 1

Summary

This textbook has been produced in collaboration with OCR for use with the new 2015 OCR Economics specification, giving you up-to-date material that supports your teaching. This book will enable students to. Develop subject knowledge, with topic-by-topic insight and advice from Peter Smith, a professorial fellow in Economics and editor of Economic Review. Demonstrate awareness of current issues in economics and build analytical and evaluative skills with new case studies. Build their quantitative skills with worked examples. Accurately explain key economic concepts and issues by learning the key terms throughout the text and at the end of section glossaries. Prepare for exams with practice questions and activities throughout the book Contents Introduction. Section 1 - Microeconomics. Part 1 Scarcity and choice. Chapter 1: Introducing economics. Part 2 How competitive markets work. Chapter 2: The coordination problem. Chapter 3: The nature of demand. Chapter 4: The nature of supply. Chapter 5: Market equilibrium and the price system. Chapter 6: Prices and resource allocation.